Strengthen NPA database through existing systems, says RBI

MUMBAI: Reserve Bank said there is a need to strengthen the database non-performing assets ( NPA) through more effective utilisation of the existing data systems of banks.

".... the need to strengthen the database on areas like regional and sectoral distribution of non-performing assets through more effective utilisation of the existing data systems of banks," the RBI said in notification.

Recently, in a conference (Annual Statistics Conference 2012) held at Chandigarh, the RBI deliberated on issues in coverage of banking data, need for its improvement and develop micro-level, granular and consistent data to enhance its utility in policy making.

"The RBI plays an important role in providing a large pool of statistics as public good. This, however, puts on it the concomitant responsibility to provide timely, reliable and meaningful data and its dissemination, by harnessing technology to its fullest possible extent," it said.

RBI Deputy Governors K C Chakrabarty, Subir Gokarn and other senior executives among renowned statisticians and economists from the academia participated in the conference.